JYOTHILABThe script seems to be on support / demand zone. The earlier resistance has now become support. It is expected to reverse from here. with targets marked as T1 and T2. Let's see if market acts accordingly or not.
JYOTHYLAB trade ideas
JYOTHYLAB Trading Above Fresh Demand ZoneJYOTHYLAB is currently trading at ₹405.35, slightly above its demand zone between ₹401 and ₹366.8, established on 5th June 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price revisits this range. Investors may monitor for a pullback to this zone, which could provide a buying opportunity with strong support.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Turning Bullish: Jyothy Labs.Jyothy Labs. has turned bullish with strong price momentum seen in short, medium and long term moving averages.
Resistance levels: 572, 595, 640
Support levels: 550, 526, 502
Pros:
Revenue grows at 8%YoY in Q1FY25 due to volume.
Fabric care and dishwash (77% of total sales) had YoY growth of almost 9% and 7%, respectively. YoY, personal care and household pesticides rose by ~11% and 2%, respectively.
Operating profit increased by 14% YoY, driven by a 340bps spike in gross margin to 51.3%.
Ad spending rose 22% YoY during the quarter.
Yet, EBITDA margin rose 90bps YoY to 18%.
The firm is focusing on volume growth and margin forecast of 16%-17%, not price rises.
Slowly rural demand is rising.
The firm benefits from a good monsoon and GoI demand-boosting measures.
Revenue and profits are projected to expand by ~11%/15% CAGR from FY24-26E.
Valuing JLL at 45x Sept 2026 EPS.
Source: REsearch by Geojit Financial Services
JYOTHLAB Need to close above 585 for racing 🐎 for new top ... Making higher lows ... Good stock waiting for volume action
JYOTHYLABJYOTHILAB showing cup & handle pattern with decent volume. Confirmation is above 595 levels. Keep it on radar
JYOTHLABConsolidated, volumes near breakout line. If breaks and sustains will give good returns.
Stop loss of 560 is suggested.
Good Fundamentals
Price action favourable
JYOTHLABConsolidated, volumes near breakout line. If breaks and sustains will give good returns.
Stop loss of 560 is suggested.
Good Fundamentals
Price action favourable
Jyothy LabsJyothy Labs Limited was founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala. JLL is renowned brand in the domestic FMCG industry. It has a diversified product portfolio spanning four major categories of fabric care, dishwashing, household insecticides (HI) and personal care and an established market position in the post-wash (under Ujala brand) and the dishwashing segments (under Pril and Exo brands).
Co dominates the fabric care segment with its flagship brand Ujala which is no.1 in its category with a 84% market share.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 45.8%
Technically a nice base formation and change in trend seems to be playing out.
Jyothy Labs for Short term Investment Jyothy Labs ready for a potential upside after giving a Break out and sustaining above the zones with genuine buying volume accumulation.
Jyothy labs ready for potential upsideJyothy Labs ready for a potential upside after giving a Break out and sustaining above the zones with geniune buying volume accumalation
Jyothy Labs - Swing and Positional trade✅ Trendline breakout
✅ Volume Pop
✅ Stage 2 candidate
Good for swing and positional holding
JYOTHY LABSJyothy Labs Limited was founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala. JLL is renowned brand in the domestic FMCG industry.It has a diversified product portfolio spanning four major categories of fabric care, dishwashing, household insecticides (HI) and personal care and an established market position in the post-wash (under Ujala brand) and the dishwashing segments (under Pril and Exo brands).
DII bought 1.47% last quarter.
A nice Cup and handle Pattern formation.
Jyothy Labs -Breakout ViewJyothy :
Approaching Strong Resistance,
Cup breakout possibility
Sustaining 560 would lead to newer highs
JYOTHY LABS - Swing Trade Analysis - 3rd July #stocksJYOTHY LABS (1W TF) - Swing Trade Analysis given on 3rd July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
Amazing breakout on Weekly / Daily Timeframe - JYOTHYLABCheckout an amazing breakout happened in the stock in Weekly timeframe. Wait for weekly close above the breakout level.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Jyothy Labs (Ujjala , Henko, Mr White)Bullish Stock with great Fundamentals and market share.
Breakout of Trend line seen in stock if its get momentum stock could achieve targets Mentioned on chart
Long term investor can buy this stock as it is in Good Valuation.
Not buy Sell Recommended
Just pure Fundamentech Analysis
Stock Analysis for Jyothy Labs Ltd (NSE: JYOTHYLAB)Current Price: ₹447.00 (+13.64%)
Volume: 4.81M
Key Levels
Resistance: ~₹450
Support: ~₹430
Analysis
Resistance Level:
The chart indicates a strong resistance around ₹450. This is a level where the stock has previously struggled to break above and sustain.
Support Level:
There is a notable support level around ₹430. This price has acted as a floor, preventing further declines in the past.
Volume Support:
The recent price surge to ₹447.00 is backed by significant volume. This suggests strong buying interest and can indicate a potential continuation of the upward trend.
Moving Averages:
The stock price is currently trading above the 50-day and 200-day moving averages, which generally signals a bullish trend.
Technical Indicators
Price Movement:
The stock has shown a sharp increase in price, reflecting positive market sentiment.
Volume Analysis:
The volume spike supports the price movement, indicating that the move is supported by strong
market participation.
Summary
The stock of Jyothy Labs Ltd has experienced a significant price increase with strong volume support, indicating potential bullish momentum. The resistance level at ₹450 will be a critical point to watch. If the stock can break and hold above this level with continued volume support, it may signal further upside potential. Conversely, the support at ₹430 will be key to maintaining the current uptrend.
Trading Strategy
Bullish View:
If you are bullish on the stock, consider waiting for a breakout above the ₹450 resistance level with sustained volume. This could present an opportunity to enter a long position.
Bearish View:
If the stock fails to break above ₹450 and shows signs of reversal, it might be prudent to watch for potential retests of the ₹430 support level. A breakdown below this level could indicate
further downside.
Note: Always consider conducting your own research and analysis or consulting with a financial advisor before making trading decisions.
Jyothy Labs Ltd - Positional TradeDate: 7-May-2024
Rating: Buy - Positional Trade
LTP: Rs. 456.55
Targets: (1) Rs. 485 --> (2) Rs. 554 --> (3) Rs. 656
SL: Rs. 412 on daily close basis
Technical View:
• NSE:JYOTHYLAB is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 554 on 24-Jan-2024, it has retraced 30% to 388.30 level.
• On 7-May-2024, NSE:JYOTHYLAB has broke out from its secondary down trend with higher than average volume.
• With this break out, NSE:JYOTHYLAB has managed to close above 20 DMA, 50 DMA and 21 DEMA on 7-May-2024.
• RSI has given bullish cross over and trading at 60.18. MACD is trading at -0.81 and about to cross over 0.
• Both MACD and RSI are showing positive divergence in daily time frame. Indicating trend reversal in coming sessions.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Publishing the ideas for learning purpose only.
Budding Opportunity:Jyothylab -Bottom Formation Signals ReversalTraders, take heed! Jyothylab is presenting a compelling bottom formation on the charts, hinting at a potential reversal in its fortunes. Supported by robust volume and the underlying strength of the pharmaceutical sector fundamentals, this could mark an opportune moment to consider a position in Jyothylab.
Technical analysis reveals a clear pattern indicating a bottom formation, suggesting a shift from bearish to bullish sentiment. Coupled with favorable volume dynamics, this signals increased market interest and potential upward momentum in the stock.
However, prudent risk management is essential. Before diving in, ensure thorough analysis and consultation with your financial advisor to align your investment strategy with your financial goals and risk tolerance.
Stay vigilant, stay informed, and consider Jyothylab for your trading portfolio.
Jyothy Labs - 200EMA bounceBounced from the 200EMA with good volumes
But at current price 455 with SL below 400.
Wedge breakout possible today/tomorrow.
Jyothy Lab good momentumJyothy labs seems triangle breakout in daily
concentrate for swing if price sustain above 520 in daily
Jyothy Labs Ltd - Long Setup, Move is ON...#JYOTHYLAB trading above Resistance of 503
Next Resistance is at 663
Support is at 343
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
